Spectris (LON:SXS) Stock Price Up 9.4% – Time to Buy?

Spectris plc (LON:SXS)’s stock price shot up 9.4% during trading on Thursday . The company traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,955.14 ($36.90). 472,541 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.71).

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of Spectris in a report on Thursday. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,707.50 ($58.78).

Spectris Stock Down 1.1 %

The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37. The company has a 50 day simple moving average of GBX 2,552.34 and a two-hundred day simple moving average of GBX 2,704.91. The company has a market capitalization of £2.92 billion, a P/E ratio of 1,100.75, a PEG ratio of 2.74 and a beta of 0.61.

Insider Transactions at Spectris

In other news, insider Mark Williamson acquired 12,116 shares of Spectris stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average cost of GBX 2,476 ($30.92) per share, with a total value of £299,992.16 ($374,568.81). Also, insider Andrew Heath bought 2,406 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were acquired at an average price of GBX 2,480 ($30.97) per share, with a total value of £59,668.80 ($74,502.19). In the last 90 days, insiders purchased 14,553 shares of company stock worth $36,045,861. 1.21% of the stock is currently owned by company insiders.

About Spectris

The experts in providing insight through precision measurement.

Our purpose is to deliver value beyond measure – going beyond just the measurement.

Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software.

Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently.

This equips them with the ability to reduce time to market, improve processes, quality and yield.